Spurred by three projects that will add 168 apartments to the city’s housing stock, Rapid City issued $40 million in building permits in September, making it the best September ever in terms of permit valuation, according to a news release.
The 950 permits issued record last month also was the third-most permits issued for any month in Rapid City, surpassed only by the 1,146 permits issued in October 2013 and 1,000 permits issued for September 2013. It also was the second biggest September for permits issued in Rapid City.
“There’s no secret we’ve got a housing need in the community,” said city communications coordinator Darrell Shoemaker. “Developers and contractors are certainly addressing that need” and looking to the future, particularly with the B-21 Raider base on track.
Shoemaker said annual population growth numbers show a marginal increase each year by about one or two percent.
He said the permits for apartments are great, but the city is also seeing an increase of single-family houses. The permit valuation for the single-family residences in September was $7.4 million and about $40.4 million for the year so far, which is the most the city has had since 2005.
Through September, 4,246 building permits have been issued in 2020 in Rapid City, which surpasses permit totals issued each year from 2015 to 2019. Last year, 3,974 permits were issued in the city. The valuation total through September 2020 is nearly $199 million.